Geecee Ventures Ltd

Geecee Ventures Ltd

GeeCee Ventures Ltd is one of the leading manufacturers of niche chemicals in India for agro-chemicals pharmaceuticals flavours & fragrance and dye & paint industries. The company operates as an integrated international chemical organization with the business encomprising production & distribution of Chemicals.The company has manufacturing facility located at Ankleshwar in Gujarat. They have their power plant facilities located at Jaisalmer and Fatehgarh in Rajasthan. Their major markets include United States of America India Japan Korea and Europe. The company's shares are listed for trading on National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) in India.GeeCee Ventures Ltd was incorporated on February 14 1984 as a private limited company with the name Shubham Aromatics Pvt Ltd. In October 1 1985 the company was converted into a public limited company and consequently the name of the company was changed to Shubham Aromatics Ltd. In the year 2003 Gwalior Chemicals Pvt Ltd was amalgamated with the company. Also the name of the company was changed from Shubham Aromatics Ltd to Gwalior Chemical Industries Ltd with effect from May 3 1993. They introduced the viscose dye pigment black with a production capacity of 1200 TPA.In the year 1994 the company set up Thionyl Chloride pilot plant and R&D laboratory. During the year 1995-96 they commissioned Thionyl Chloride Plant with in-house technology with a capacity of 2160 TPA and thus registered their entry into the Sulphur Chloride range of products.During the year 2000-01 the company acquired the Thionyl Chloride business of Link PharmaChem Ltd and expanded their blue print outside Nagda. They doubled the viscose dye pigment black doubled to 2400 TPA. They enhanced the capacity of Thionyl Chloride Plant enhanced to 3600 TPA. Also they initiated fully-fledged R&D efforts in Thionyl Chloride and Chlorotoluene range.During the year 2001-02 the company began their Thionyl Chloride capacity expansion at Nagda and Ankleshwar facilities and the capacity was expanded to 10800 TPA. During the year 2002-03 they revamped Chlorotoluene facilities to match international quality standards. In the year 2004 the company enhanced capacity of Thionyl Chloride Plant from 10800 TPA to 24000 TPA through process reengineering.In January 2005 the company completed first phase of expansion with the setting up of Benzyl Alcohol plant and in May 2005 they commenced commercial production of Benzyl Alcohol plant with Installed Capacity of 6000 TPA. In March 2005 the company incorporated a wholly owned foreign subsidiary company namely Gwalior Chemicals bvba with an objective of carrying on the business of selling products manufactured by the company in the European Markets.In March 2006 the company enhanced the production of Benzyl Chloride Benzaldehyde and Thionyl Chloride by modification and through debottle-necking. Also they commissioned 2.50 MW wind power project at Nandurbar District Maharashtra. During the year 2006-07 the company came out with an initial public offer of Rs 80 crore.During the year 2007-08 the company received an international award instituted by Indian Merchant Chamber Mumbai. They incorporated wholly owned Indian subsidiary namely GCIL Finance Ltd with the initial paid up capital of Rs 250 lakh. In May 2008 the company incorporated a wholly owned foreign subsidiary company namely Gwalior Chemicals LLC under the law of the United States with the objective of carrying on business of selling products manufactured by the company in the American Markets.During the year 2009-10 the company entered into a Business Transfer Agreement with LANXESS India Pvt Ltd for sale and transfer of their entire chemical business including the manufacturing assets at Nagda Madhya Pradesh and wind power business located in Maharashtra and Madhya Pradesh as a going concern on a slump sale basis with effect from September 1 2009. In January 13 2010 the name of the company was changed from Gwalior Chemical Industries Ltd to GeeCee Ventures Ltd. During the year 2010-11 the company incorporated a wholly owned Indian subsidiary in the name of GCV Trading Pvt Ltd for trading of goods in India and outside India. Also GeeCee Business Pvt Ltd became a subsidiary of the company.